The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-13
CONDITION OF THE MARKETS
The Chicago Board Opens with Show
OF Activity, Which Soon Disappears,
And Extreme Dizziness Follows-Wheat Tri-
fe Higher-Corn Suffers Small Decline
Oats Higher-ProyisiOns Lower.
MONEY, BONDS AND STOCKS.
A Feverish and Weanx Market, with Lowe
PrIc fnr

A Feverish and Wean< Market, with Lower
Prices for Everything.
NEW YORK, Oct 12.-Money call was
easy at 81 40 per cent, the last loan being
made at Al per cent. and closing offered at 81
per cent.
Prime mercantile paper, Gas per cent
Sterling exchange was quiet but firm al
S. s09 for sixty-day bills, and 81 843 for de-
mand.
The total sales Of stocks to-day were 1884, 127
shares. including the following: Canada
Southern, $500; Delaware. Lackawanna &
Western, 1900; Erie. 1880; Lake Shore, 90
655 Louisville & Nashville 1900; Missouri
Pacific, Q, $50; Northwestern, 10. It's; New Jersey
Central, 7,000 New York Central 4, 1885, North
ern Pacific, $685. Northern Pacific preferred,
CLIO; Oregon Transcontinental, 1905; Read
ing las, 800; ST. Paul, SO. $50; Texas Pacific, 81
go; Union Pacific, 81, $50; Western Union, 80,
$50
The stock market to-day was feverish and
very weak on selling for both sides of the ac-
count, induced by the passing Of the Baltimore
g. Ohio dividend and the determined attacks of
the .'bears" Business quiet in the fore
noon, with Jersey Central as the feature. on ru-
mors of speedy termination of the receivership
At Doon however, the news of the passing of
the Baltimore & Ohio dividend was received,
movement, aided by the circulation of many
disquieting rumors, all of which had their effect
The story that Mr. Willard bad re-
signed from the Northern Pacific directory
used against that and Its kindred stocks,
and the pressure upon Union Pacific became
particularly heavy, sales for Boston account be-
ing specially numerous and Its price was carried
down FIVE points. The depression aided by
the room traders, who joined in helping the
market down, and the business Of the afternoon
was very large and important Reading, as
usual, was at the head in the amount Of business
done, and, while the buying in the stock
good. il was forced down with the remainder of
the list. Money was easy throughout, but
sterling exchange was strong on a temporary
scarcity or cotton bills, but the rise attrbu-
ted to sales of stocks for foreign account The
opening was firm to strong at advances of from
I0a per cent, but the Improvement
not maintained in the early dealings, the entire
list moving off under the lead of the Union
Pacific. A material recovery took place, in
which Jersey Central became most conspicuous,
after which the market became dull, with a gem
eral downward tendency, which became more
pronounced. After II o'clock the list suddenly
sprang into activity, and under the lead of
Union Pacific, the Oregons and Northern Pacific,
rapidly declined during the afternoon. subject to
one or two insignificant checks only. There
was slight rally In the last hour, but the
close weak and active at or near the
lowest prices of the day. OF course
everything 10 lower, and Oregon Navigation is
down 5; Union Pacific, Al; Louisville 81 Nash
ville q; Northern Pacific preferred and
Missouri Pacific, q each: Oregon & Trans con-
tnental, q; new Englaau, z4i heaQlng q;
Western Union, 2.
Railroad bonds were irregular and final
changes are generally for fractions only; sales
1854, 900. Chesapeake & Ohio, series B. coupon
off. lost 2, at Go; Mackinac &'Marquette land
grants. g. at 80; Illinois Central three aud-a
halls q at "a; Iron Mountain fives, 2. at 81; Ohio
Southern incomes, 81, at 49,. Jersey Central
consols rose 2, TO l15a
Government bonds wsro dull but firm to
strong.
State bonds were dull and steady. Closing
quotations were: